EX-12.0 6 d226731dex120.htm COMPUTATION OF EARNINGS TO FIXED CHARGES Computation of Earnings to Fixed Charges

EXHIBIT 12.0

MATTEL, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     For the Year  

(Unaudited; in thousands, except ratios)

   2011     2010     2009     2008     2007  

Earnings Available for Fixed Charges:

          

Income from continuing operations before income taxes and cumulative effect of changes in accounting principles

   $ 970,673      $ 846,825      $ 660,047      $ 487,964      $ 703,398   

Add: Non-controlling interest losses in consolidated subsidiaries

                   222        262        255   

Add:

          

Interest expense

     75,332        64,839        71,843        81,944        70,974   

Appropriate portion of rents (a)

     30,696        34,544        34,439        29,833        28,245   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available for fixed charges

   $ 1,076,701      $ 946,208      $ 766,551      $ 600,003      $ 802,872   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges:

          

Interest expense

   $ 75,332      $ 64,839      $ 71,843      $ 81,944      $ 70,974   

Appropriate portion of rents (a)

     30,696        34,544        34,439        29,833        28,245   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 106,028      $ 99,383      $ 106,282      $ 111,777      $ 99,219   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     10.15     9.52     7.21     5.37     8.09
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) Portion of rental expenses which is deemed representative of an interest factor, which is one-third of total rental expense.